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Jan 20, 2013
01/13
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it would be great to control the debt with the debt ceiling. as you see through history, examples given it doesn't work at all. it becomes a political football, the other party not it in power, decides it's an of important thing. and president obama used to hate the debt ceilings. it's time to build something that controls the deficit properly and not arbitrary. >> brenda: toby, doesn't this basically give a blank check to washington saying we don't need a limit. at least when we have a limit we're forced to look at that number and realize how much we're borrowing. >> if that logic were true, they wouldn't have passed any of the spending stuff. first off, two countries in the world, united states and sweden who have a debt ceiling. people got rid of it, because what jonas is saying, it's political. and the second issue is, i don't want our economy held hostage and run by washington, right now, the buffoons in congress have more power over the economy with the, you know, stupid idea. if we give them this type of power we've hurt ourselves, kick
it would be great to control the debt with the debt ceiling. as you see through history, examples given it doesn't work at all. it becomes a political football, the other party not it in power, decides it's an of important thing. and president obama used to hate the debt ceilings. it's time to build something that controls the deficit properly and not arbitrary. >> brenda: toby, doesn't this basically give a blank check to washington saying we don't need a limit. at least when we have a...
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Oct 8, 2013
10/13
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he loses on the debt ceiling. he's really afraid of that debt ceiling. he says he won't bend on this. of course, he will have to at the 11th hour. he can't afford to be remembered as the first president who defaulted or allowed a condition to which it could happen. so i think what we just heard in that sound byte was he pointed to an exit ramp for the speaker. he basically says, well, i i said i won't negotiate while the debt ceiling is hanging over us. so you give me a three-week extension. boehner has said i won't give in on this and give him a clean extension. so it won't be a clean extension of the debt ceiling. it will be i'll give you three weeks, but you got to give me a committee. he told how he wants it it structured. 20 members, i'll give you the agenda, it it will be attached. so it will be a conditional extension. i think the president gets away and he finesses it. we know what happened the last time around. they had a supercommittee that didn't succeed. that's the way you avoid the disaster from the president's perspective. boehner has said
he loses on the debt ceiling. he's really afraid of that debt ceiling. he says he won't bend on this. of course, he will have to at the 11th hour. he can't afford to be remembered as the first president who defaulted or allowed a condition to which it could happen. so i think what we just heard in that sound byte was he pointed to an exit ramp for the speaker. he basically says, well, i i said i won't negotiate while the debt ceiling is hanging over us. so you give me a three-week extension....
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Oct 7, 2013
10/13
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of the debt ceiling. it is our view, as i think both those officials stated this morning, that since the whole argument is to remove uncertainty, the uncertainty created by the threat of default, the threat of not raising the debt ceiling, that the longer you raise the debt ceiling or, the better, and we will -- the debt ceiling for, the better, and we will support a movement to raise the debt ceiling for year. that would certainly be viewed here is something we did support. but we don't get to make those determinations. what our position has always been was not raise it for a certain amount of time. it has been raise the debt ceiling without drama and delay. , ourver the duration position will not change, which is raise it so that the united states can continue to pay its bills and continue to ensure that the world knows we are good to our word and we fulfill our obligations, and when it comes up again, our position will still be, we will not negotiate over congress's responsibility is to pay the bills t
of the debt ceiling. it is our view, as i think both those officials stated this morning, that since the whole argument is to remove uncertainty, the uncertainty created by the threat of default, the threat of not raising the debt ceiling, that the longer you raise the debt ceiling or, the better, and we will -- the debt ceiling for, the better, and we will support a movement to raise the debt ceiling for year. that would certainly be viewed here is something we did support. but we don't get to...
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Sep 20, 2013
09/13
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so raising the debt ceiling doesn't increase debt. let's take a walk back to march of 2006 when senator obama made a dire speech about the dangers of raising the debt. he said, quote, the fact that we are here today to debate raising america's debt limit is a sign of leadership failure. it is a sign that the u.s. government cannot pay uh its own bills. our federal debt increased by $3.5 trillion to $8.6 trillion. that's trillion, with a t. this rising debt is a hidden domestic enemy. what happened to that guy? here to debate the hypocrisy, radio, tv, talk show host, billy cunningham. from the fox news channel tamara holder. raising the debt ceiling doesn't increase the debt. what do you got there? >> hannity happy candy. >> what is that? >> they're happy candies. the reason why i brought these is the last time -- >> yeah ? >> you should try one. it will make you happy. i feel conservatives are so angry. you know, right now i'm getting these crazy -- >> i'm laughing my head off. >> i think this is a prop ohher opportunity for you to ap
so raising the debt ceiling doesn't increase debt. let's take a walk back to march of 2006 when senator obama made a dire speech about the dangers of raising the debt. he said, quote, the fact that we are here today to debate raising america's debt limit is a sign of leadership failure. it is a sign that the u.s. government cannot pay uh its own bills. our federal debt increased by $3.5 trillion to $8.6 trillion. that's trillion, with a t. this rising debt is a hidden domestic enemy. what...
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Oct 20, 2013
10/13
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of raise the debt ceiling. raise the debt ceiling. john: it's hard to give my brain around it. it helps to look at the debt over time. for 150 years america had almost no debt. it rose during world wars, came down after world war ii, but then starting around 1980 exploded. and is gone straight up in this is unsustainable. outside this building. i show people how much we spend per person every year. most agree that america has a spending problem. then ask a with a cat. >> you can't get health care. >> what should we cut? price social security cards and not sure what else you can get. >> a great deal on the military, medical care. john: that should be cut?? >> that's a hard question. john: you can't answer it. >> absolutely not. john: a few people have suggestions with tells me in the san the the point of all those democrats to say just raise the debt ceiling. one of those is the rilliant bob beckel. brilliant because you fight with people every day and often win all by yourself, but you are not worried about this 17 trillion. >> you know, i liked you a lot. every time i hear you
of raise the debt ceiling. raise the debt ceiling. john: it's hard to give my brain around it. it helps to look at the debt over time. for 150 years america had almost no debt. it rose during world wars, came down after world war ii, but then starting around 1980 exploded. and is gone straight up in this is unsustainable. outside this building. i show people how much we spend per person every year. most agree that america has a spending problem. then ask a with a cat. >> you can't get...
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Jan 19, 2013
01/13
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on the debt ceiling. not again. and today after months of insisting that the president really did have to negotiate with them on that, republicans in congress gave up. david corn "showdown," the stand off the president faced with republicans. david, thanks for being here. >> good evening, rachel. >> eric cantor says, yeah, we're going to give up, but only for three months. what did you make of that? >> i'm the last guy who wants to cause a spike in the vix, but, you know, there are a couple of things to think about here. i call this plan r for run away. but we know that john boehner often has had trouble with his various plans. plan b most notoriously, getting them approved, accepted and passed by his own house republicans. and cantor made a very declarative statement today. we're going to bring this to a vote, and when you do that, usually you think you have the votes, but immediately there were grumblings that some house republicans will go along with this i'm not sure that democrats will, too. so it remains to be
on the debt ceiling. not again. and today after months of insisting that the president really did have to negotiate with them on that, republicans in congress gave up. david corn "showdown," the stand off the president faced with republicans. david, thanks for being here. >> good evening, rachel. >> eric cantor says, yeah, we're going to give up, but only for three months. what did you make of that? >> i'm the last guy who wants to cause a spike in the vix, but, you...
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Jan 12, 2013
01/13
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we would hit the debt ceiling, be reminded we're borrowing too much. they would fight about raising it and then they would raise it. what happened last time, i think, was throwing cold water on to the system of how close we got to truly defaulting and the fact that that will lead to economic problems in the country and around the world. >> republicans almost gleeful that the debt ceiling will give them leverage to extract spending cuts. is this good policy or is it revenge? is it a speed bump, or is this somehow -- is it political? >> tees taes deeply political, cycle of revenge and recrimination. it's the definition of insanity, doing something over again and expect i expecting a different result. we got our aaa rating downgraded. in retro expect, they realized that grand bargain -- spending cuts, revenue increases and entitlement reform. the idea every time congress has set itself this artificial deadline, whatever it may beady debt ceiling, super committee crisis, fiscal cliff, somehow they fail, they weasel out of it. we still have this looming, lo
we would hit the debt ceiling, be reminded we're borrowing too much. they would fight about raising it and then they would raise it. what happened last time, i think, was throwing cold water on to the system of how close we got to truly defaulting and the fact that that will lead to economic problems in the country and around the world. >> republicans almost gleeful that the debt ceiling will give them leverage to extract spending cuts. is this good policy or is it revenge? is it a speed...
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Jan 6, 2013
01/13
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how far will the debate push that debt ceiling and if we go over the edge, if you will, of the debt ceiling and cannot meet our obligations, what effect does that have on america, the world and american taxpayer. >> the question also is at that point does the president act on his own and raise the debt ceiling out even going through congress? >> he has said that he won't go to the 14th amendment, which is the mechanism he could do it. but nancy pelosi said she would do it in the second. >> without seeing whether or not they can come up with a bipartisan solution. what are we going to end up doing, print money? >> they do that every day. how would anything be different? the bottom line is when you look at the fiscal cliff deal, $600 billion in new revenue on high income earners and $15 billion in spending cuts, leaving a $4 trillion hole on the budget over the next ten years, you can't keep going that direction. something has to happen. it's a matter of -- everybody agrees, when i asked van hollande and jordan i said do you agree we need to rain in the debt? yes. the question is how do you g
how far will the debate push that debt ceiling and if we go over the edge, if you will, of the debt ceiling and cannot meet our obligations, what effect does that have on america, the world and american taxpayer. >> the question also is at that point does the president act on his own and raise the debt ceiling out even going through congress? >> he has said that he won't go to the 14th amendment, which is the mechanism he could do it. but nancy pelosi said she would do it in the...
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Sep 22, 2013
09/13
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look at 2011 when the last debt ceiling face-off happened. we saw the stock markets plunge. >> david: we did. >> rating downgrade. >> david: true. then shortly afterwards the stock market came back up and they ignored the deb rating cut. but extortion? the word "extortion' a strong word. the president seems to forget what he said, which would be called extortion by his finition as well. extortion is iminal. this president is grasping for straws because he knows that 53% of americans realize obamacare will drive their healthcare costs up. republicans are doing the right thing. this is risky business. they realize obamacare is not ready for the big debut. it will drive up cost and cut jobs. we have lot of work that has to be done to implement this properly. >> david: but rick, on this debt issue. by the way, president obama is not the only one to commit hypocrisy. harry reid and nancy pelosi voted to raise the debt ceiling. >> i'm shocked. who knew the president was a politician? be care waffle you say in the senate. you may be in the white hou
look at 2011 when the last debt ceiling face-off happened. we saw the stock markets plunge. >> david: we did. >> rating downgrade. >> david: true. then shortly afterwards the stock market came back up and they ignored the deb rating cut. but extortion? the word "extortion' a strong word. the president seems to forget what he said, which would be called extortion by his finition as well. extortion is iminal. this president is grasping for straws because he knows that 53%...
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Jan 22, 2013
01/13
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let's turn to the debt ceiling -- >> oh, we have a debt problem? lou: republicans make a a move to ends the nonsense. i hope you tell me tonight there's no discussion by the republicans whatsoever of shutting down the government, that this is going to stay positive and move forward. >> all i want is spending under control. that's what we campaigned on because we are bankrupting this nation. we cannot continue on this path. lou: congressman, we talked for years. >> sure. lou: i have heard that speech to the point that it makes me think you don't realize while you're in the majority, conservative republicans -- >> thank you. lou: that you don't realize fully that you're in a majority of a house that is only one-third of government. >> oh, listen, i get it, but nothing that raises revenue, nothing that provides money to any part of our government gets there unless the majority in the house pass it. lou: right. >> lou, that's leverage to bring spending under control. we've just finished two years where every fight we came up to, we were told, you know
let's turn to the debt ceiling -- >> oh, we have a debt problem? lou: republicans make a a move to ends the nonsense. i hope you tell me tonight there's no discussion by the republicans whatsoever of shutting down the government, that this is going to stay positive and move forward. >> all i want is spending under control. that's what we campaigned on because we are bankrupting this nation. we cannot continue on this path. lou: congressman, we talked for years. >> sure. lou: i...
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Jan 14, 2013
01/13
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negotiate on the debt ceiling, and you did. last year you said that you wouldn't extend any of the bush tax cuts for the wealthy. and you did. so as you say now that you're not going to negotiate on the debt ceiling this year, why should house republicans take that seriously and think that if we get to the one-minute to midnight scenario that you're not going to back down? >> well, first of all, julianna, let's take the example of this year in the fiscal cliff. i didn't say i wouldn't have any conversations about extending the tax cuts. what i said was we wouldn't extend bush tax cuts for the wealthy and we didn't. you could argue during the campaign i set the criteria for wealthy at 250, and we ended up being at 400. but the fact of the matter is, millionaires, billionaires, are paying significa ining signific taxes just like i said. from the start my concern was making sure that we had a tax code that was fair and that protected the middle class. and my biggest priority was making sure that middle class taxes did not go up. t
negotiate on the debt ceiling, and you did. last year you said that you wouldn't extend any of the bush tax cuts for the wealthy. and you did. so as you say now that you're not going to negotiate on the debt ceiling this year, why should house republicans take that seriously and think that if we get to the one-minute to midnight scenario that you're not going to back down? >> well, first of all, julianna, let's take the example of this year in the fiscal cliff. i didn't say i wouldn't...
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Sep 27, 2013
09/13
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. >> but the debt ceiling. >> the debt limit we will introduce a plan. >> a cash flow problem. >> the president says i am not going to negotiate. >> i will not negotiate. >> i'm sorry it just doesn't work that way. >> the tea party republicans have taken it to a whole new level. >> the american people don't want the president's health care bill. >> elections have consequences. >> even if you've didn't vote for me, i bet you will sign up for the health care plan! ♪ >>> five days before enrollment begins for obama care, president obama took a stand against republicans threatening a government shutdown. the president went to maryland and began by explaining why he won't consider defunding obama care. >> in fact, for the past few years since i signed the affordable care act, a lot of you have been enjoying new benefits you didn't have before even if you didn't know they were coming from obama care. because the affordable care act, more than 100 million americans have gotten free preventative care. because of the affordable care act, 3 million young adults under age 26 have gained covera
. >> but the debt ceiling. >> the debt limit we will introduce a plan. >> a cash flow problem. >> the president says i am not going to negotiate. >> i will not negotiate. >> i'm sorry it just doesn't work that way. >> the tea party republicans have taken it to a whole new level. >> the american people don't want the president's health care bill. >> elections have consequences. >> even if you've didn't vote for me, i bet you will sign...
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Jan 10, 2013
01/13
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let's move on to a our debt and our nation's crisis with the debt ceiling. we default on february 15th. happy valentine's day. doug come -- doug, do you think we will avoid this or have big problems? >> at think the answer is simple. we don't have a fight or a crisis over the debt ceiling. we have a fight in crisis overspending that causes debt. if the spending or cut and there was an agreement but place on the way to rein in explosive and -- entitlement spending and brought the debt under control, no one would even mention the debt ceiling. the key will be to focus on the real problem, which is the debt. acknowledge solution for anyone not living in budgetary fantasyland. make some progress on that. gerri: at think it's budget fantasyland for us. well, the senate has not backed the budget in 1,351 days, gretchen. come on. we are going to -- our debt is going to get downgraded by standard and poor's and moody's and everyone else, and we will have a sell-off of 2,000 points in the stock market, right? >> you're right. on top of not having a budget, we have al
let's move on to a our debt and our nation's crisis with the debt ceiling. we default on february 15th. happy valentine's day. doug come -- doug, do you think we will avoid this or have big problems? >> at think the answer is simple. we don't have a fight or a crisis over the debt ceiling. we have a fight in crisis overspending that causes debt. if the spending or cut and there was an agreement but place on the way to rein in explosive and -- entitlement spending and brought the debt...
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Dec 18, 2013
12/13
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it is a lie to tell the american people there is a debt ceiling. every time the career politicians in the town figure out a way to increase the debt ceiling. if in fact, you did the 1.0% rule that has been posed and you cut the budget by 1.0% every year, in 10 years you would have a balanced budget and you would not have to increase the debt ceiling. that does not say anything about reform to the taxpayer. i have not voted for a debt ceiling increase because i do not feel it is honest with the american people. it is meaningless. we should not spend money we do not have. we ought not to spend that money because all we're doing is decreasing the standard of living of the present, upcoming generation. in $3 trillion in spending, and we should be able to find 1%, 2%, 3%, 4%. all we did was put up with this book -- i didn't include the second or third 200 of things that most reasonable people say, that is not good value. that is not wise spending. the question is, where is everybody else asking the questions as we continue to borrow ourselves into obliv
it is a lie to tell the american people there is a debt ceiling. every time the career politicians in the town figure out a way to increase the debt ceiling. if in fact, you did the 1.0% rule that has been posed and you cut the budget by 1.0% every year, in 10 years you would have a balanced budget and you would not have to increase the debt ceiling. that does not say anything about reform to the taxpayer. i have not voted for a debt ceiling increase because i do not feel it is honest with the...
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Jan 23, 2013
01/13
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. >> the short term raise for the debt ceiling. >> three-month extension of the debt ceiling. >> temporary extending for debt ceiling. >> what is the republican strategy here? >> three months is not good enough. >> they may not even vote for this. >> it is about time we come together, do our work. >> the partisan lines just got deeper. >> john boehner has an 18% approval rating. >> the debt that is crushing the future for our kids. >> this is a party, a retreat. >> a retreat of sorts. >> they may not even vote for this. >> it really is unacceptable. >> they will evolve or die, it is that simple. >> it will stand out as one of the great days. >> today marks 40 years. >> the 40th anniversary of roe v. wade. >> this allows a woman free choice. >> support for reproductive choice is at a record high. >> 54% believe abortion should be legal. >> there was an assault on women's access to reproductive health care. >> do i believe that the supreme court should overturn roe v. wade? yes. >> 70% say it should not be overturned. >> this is a deeply personal issue, one that should be made by women. >> w
. >> the short term raise for the debt ceiling. >> three-month extension of the debt ceiling. >> temporary extending for debt ceiling. >> what is the republican strategy here? >> three months is not good enough. >> they may not even vote for this. >> it is about time we come together, do our work. >> the partisan lines just got deeper. >> john boehner has an 18% approval rating. >> the debt that is crushing the future for our kids....
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Sep 27, 2013
09/13
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raise the debt ceiling? what's so hard? why do we need to negotiate? >> because you need to change the trajectory of the debt. >> the debt has changed trajectory -- >> yeah. you have to, like, what are you going to do to lower it, so you're just not automatically raising it. >> let me bring in keith ellison, co-chair of the progressive caucus, what's your reaction? >> i think that weaponizing the debt ceiling is bad economic policy, i think it's bad legislative policy, and i'm very sorry that this has happened. we can negotiate over the budget, we negotiate all the time. but to put something like the full faith and credit of the american economy on the line is just beyond pale. and americans show know. we're not asking about permission to spend future more, we're talking about permission to pay the bills we've already acquired. >> let me ask congressman cole about negotiation. everybody likes negotiation, we have a system of government that requires it in certain circumstances. there's a budget process in wh
raise the debt ceiling? what's so hard? why do we need to negotiate? >> because you need to change the trajectory of the debt. >> the debt has changed trajectory -- >> yeah. you have to, like, what are you going to do to lower it, so you're just not automatically raising it. >> let me bring in keith ellison, co-chair of the progressive caucus, what's your reaction? >> i think that weaponizing the debt ceiling is bad economic policy, i think it's bad legislative...
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Jan 25, 2013
01/13
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. >> debt ceiling. >> the debt ceiling stuff. it seems like this is a city that he gets -- he is more of an insider in washington than he was four years ago. i will say about the denis mcdonough appointment, it's good to finally see a white guy get a top job. it's really -- they've been shut out. >> they gave him a chance. >> thanks god. >> there's a reason why this was held up. the president jokes about saying it's the best kept secret in washington. we've all known. we've all reported in various ways that he is the choice. what did they do yesterday? they appointed a female to be lady of the s.e.c. it mattered. the scheduling worked to stack this one today zoosh the optics on it. >> i actually had thought he was already named chief of staff. that's how bad the secret was. we have to take a break, but when we come back, senators and frenemies. they strike a deal for the much maligned filibuster. is it still business as usual in the upper chamber? we'll discuss next. with the spark cash card from capital one, olaf gets great rewa
. >> debt ceiling. >> the debt ceiling stuff. it seems like this is a city that he gets -- he is more of an insider in washington than he was four years ago. i will say about the denis mcdonough appointment, it's good to finally see a white guy get a top job. it's really -- they've been shut out. >> they gave him a chance. >> thanks god. >> there's a reason why this was held up. the president jokes about saying it's the best kept secret in washington. we've all...
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Jan 16, 2013
01/13
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triple-a-rated give the debt ceiling is not raised. with more of possible economic fallout, moody's chief economist. all right. if they do this, what happens to the economy, the stock market? >> well, i would think that financial markets have had enough warning of a possible downgrade of the u.s. aaa credit rating by an agency other than s&p, and thus perhaps it would not have that damaging impact. the downgrade was not especially g. that being said there will be a negative psychological shock that will temporarily send share prices sharply lower, but provided that policymakers in washington could reassure markets that washington is going to do more to stabilize the budget. maybe that -- gerri: it makes into the pipe. they did it -- did not to say there are going to downgraded if we did not like the debt ceiling prices go away. they also said the current outlook is likely to be resolved even if another debt ceiling crisis is averted. they want to see spending cut. now, do you think that the markets would go to town if there was some bi
triple-a-rated give the debt ceiling is not raised. with more of possible economic fallout, moody's chief economist. all right. if they do this, what happens to the economy, the stock market? >> well, i would think that financial markets have had enough warning of a possible downgrade of the u.s. aaa credit rating by an agency other than s&p, and thus perhaps it would not have that damaging impact. the downgrade was not especially g. that being said there will be a negative...
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Dec 18, 2013
12/13
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it is alive to say to people there they debt ceiling. every time the curricula divisions in this town figure out there is a way to raise the debt ceiling. if in fact you just did the one percent rule that has been proposed by people and you cut the budget one percent a year, in 10 years you would have a balanced budget and you would not have to increase the debt ceiling anymore. it does not say anything about reforming the tax code. have not voted for a debt ceiling increase because i think it is not honest with the american people. it is meaningless. we ought not to spend money we don't had -- have and the reason we ought not to be spending the money is all we are doing is decreasing the standard of living of the present upcoming generation. surely in $3 trillion worth of spending we can find one percent or two percent or three or four percent at is wasteful. and all we did is put out with this book -- i did not include 200second 200 or the third of things that most reasonable people with any common sense or work history would say, that
it is alive to say to people there they debt ceiling. every time the curricula divisions in this town figure out there is a way to raise the debt ceiling. if in fact you just did the one percent rule that has been proposed by people and you cut the budget one percent a year, in 10 years you would have a balanced budget and you would not have to increase the debt ceiling anymore. it does not say anything about reforming the tax code. have not voted for a debt ceiling increase because i think it...
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Sep 27, 2013
09/13
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do not mess with the debt ceiling. but two years ago, regardless, in 2011, republicans in congress messed with the debt ceiling. they took us right to the brink of default, and even just getting to the brink was enough to not only get the u.s. government's credit rating downgraded for the first time in our history, it also took what had been relatively strong job growth and put a big four-month dent in it. and now two years later, we're doing it all over again. today, house republicans unveiled their big wish list for all the things that they want, in exchange for not sending the country into catastrophic default. the u.s. government is set to go into default on october 17th, three weeks from today. and republicans say that they will let that happen. they will crash our economy and likely crash the world economy, unless democrats agree to pretty much everything republicans have asked for over the last few years. they want to delay obama care for a year, they want to gut wall street reform, they want to approve the keys
do not mess with the debt ceiling. but two years ago, regardless, in 2011, republicans in congress messed with the debt ceiling. they took us right to the brink of default, and even just getting to the brink was enough to not only get the u.s. government's credit rating downgraded for the first time in our history, it also took what had been relatively strong job growth and put a big four-month dent in it. and now two years later, we're doing it all over again. today, house republicans unveiled...
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Oct 15, 2013
10/13
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as part of a debt ceiling agreement. we need to have savings and ourrms that underlie problem. the problem that we are spending more than we take in. we cannot just raise the debt ceiling for another year at a trillion dollars in debt to the dutch we are ready have of $17 trillion. kind of like going to the bank. you go to the bank and talk to the banker and say i want to increase the loan i have and want to increase mice but it -- credit limit. he may be willing to give you but he will say what are you going to do to address the underlying problem? the president identified more billion dollars in changes in savings and reforms that he could support for mandatory spending programs. we talked about those times. now is the time to implement savings and reforms to the mandatory spending programs. i will give you an example of one that i have been hard at work on for the past two years. that is the farm bill. we work hard on changes and improvement and strengthening the crop insurance. that is what farmers and ranchers want.
as part of a debt ceiling agreement. we need to have savings and ourrms that underlie problem. the problem that we are spending more than we take in. we cannot just raise the debt ceiling for another year at a trillion dollars in debt to the dutch we are ready have of $17 trillion. kind of like going to the bank. you go to the bank and talk to the banker and say i want to increase the loan i have and want to increase mice but it -- credit limit. he may be willing to give you but he will say...
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Jan 12, 2013
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a new way to avoid the debt ceiling. hear what senate democrats are telling the president to do today. >>> fighting the flu. the illness has now reached epidemic levels in the u.s. is it slowing down? >>> signature moment. how comics are taking on jacob lew's unique, to say the least, scrawl of his name. good morning, everyone. welcome to "weekends with alex witt." what's happening out there. after meeting with the president of afghanistan, president obama sharing new details this morning on how he plans to end the u.s. involvement there. >> this remains a very difficult mission, the work ahead will not be easy. our forces are still in harm's way. but make no mistake, our path is clear, and we are moving forward. because after a decade of war, the nation we need to rebuild is our own. >> kristen welker is at the white house. a very good start morning to you. let's talk about the details that the president revealed about the future role of the u.s. in afghanistan. >> good morning to you, alex. the big headline that came o
a new way to avoid the debt ceiling. hear what senate democrats are telling the president to do today. >>> fighting the flu. the illness has now reached epidemic levels in the u.s. is it slowing down? >>> signature moment. how comics are taking on jacob lew's unique, to say the least, scrawl of his name. good morning, everyone. welcome to "weekends with alex witt." what's happening out there. after meeting with the president of afghanistan, president obama sharing...
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Jan 20, 2013
01/13
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lew is not is chummy with republicans on the hill after the debt ceiling negotiation back in 2011. for that reason and others, his confirmation hearing could be bumpy. if confirmed, he will be dealing with the top issue in this second term, how to get the economy moving and addressing the country's long term fiscal problems. >> this is a president that is forced to grapple with the budget woes, with the economy that cannot get over the hump. it will consume most of his time, i believe, in the second term. >> what he cannot do going into the term is go from economic crisis to economic crisis. that is not leadership. he has to figure out how to address this in ay way. our health care reform cannot waste, must not wait and will not wait another year. >> passing health care legislation early on was high on the president's to-do list. he picked kansas governor to head up health and human services, to get health care legislation done he largely passed control over to congress to put the bill together and to figure out how to get it through. it became a messy process about 2,000-plus-page
lew is not is chummy with republicans on the hill after the debt ceiling negotiation back in 2011. for that reason and others, his confirmation hearing could be bumpy. if confirmed, he will be dealing with the top issue in this second term, how to get the economy moving and addressing the country's long term fiscal problems. >> this is a president that is forced to grapple with the budget woes, with the economy that cannot get over the hump. it will consume most of his time, i believe, in...
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ceiling debt crisis and the deficit of knowledge in congress you won't want to miss that it's coming right up but now let's get to the ship. with the holidays just around the corner we decided to kick off today's headlines with some debt free jubilee now this story it started all a little over one year ago when a group of occupy wall street activists created the strike down debt project known as rolling jubilee today the group has managed to abolish almost fifteen million dollars worth of personal debt now described on its.
ceiling debt crisis and the deficit of knowledge in congress you won't want to miss that it's coming right up but now let's get to the ship. with the holidays just around the corner we decided to kick off today's headlines with some debt free jubilee now this story it started all a little over one year ago when a group of occupy wall street activists created the strike down debt project known as rolling jubilee today the group has managed to abolish almost fifteen million dollars worth of...
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Jan 26, 2013
01/13
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this week the republican party put forward a plan on the debt ceiling in debt and appears to have won the support of both the president and senate majority leader. the republican change in direction and tone was not matched by a change in the republican party's lead. the rnc reelected the chairman after losing both the white house and ten seats in congress to democrats in that 2012 election. his job as head of the national party even as lenient -- louisiana's popular governor and from a republican both cried out for the party's revitalization, new ideas, and the voices. obama administration stalwart treasury secretary gagger and secretary of state clinton bidding farewell to the administration. clinton finally this week testifying on benghazi, trying to explain away one of the administration's biggest failures. another week in which president obama has dispatched vice-president biden to campaign against the second amendment. the president's inaugural this week. next week he launches his campaign for comprehensive immigration reform. next week senator kerry to be confirmed as the next
this week the republican party put forward a plan on the debt ceiling in debt and appears to have won the support of both the president and senate majority leader. the republican change in direction and tone was not matched by a change in the republican party's lead. the rnc reelected the chairman after losing both the white house and ten seats in congress to democrats in that 2012 election. his job as head of the national party even as lenient -- louisiana's popular governor and from a...
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Oct 9, 2013
10/13
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. >> eyeing the debt ceiling. >> all about the debt ceiling. all this talk about default. >> it's nonsense. >> demagoguery. false demagoguery. >> when i hear people trying to downplay the conventions of that. >> nonsense. >> a lot of demagoguery. >> irresponsible. >> alternatives are popping up. >> some discussion about my powers under the 14th amendment. that's going to make people nervous. >> very hard to get into sound bites. >> there is no clear way out of this. >> there are no magic bullets here. >> we are now on day eight of the government shutdown. >> day act of the government shutdown. >> our goal wasn't to shut down the government. i don't think we should default on our debt >> we have got to stop repeating this pattern. the american people are tired of it. lord knows i'm tired of it. >>> tonight senate majority leader harry reid introduce aid perfectly reasonable, one sentence bill that would raise the debt ceiling until the end of next year which is a perfectly reasonable time frame for a typical debt ceiling increase in the past. th
. >> eyeing the debt ceiling. >> all about the debt ceiling. all this talk about default. >> it's nonsense. >> demagoguery. false demagoguery. >> when i hear people trying to downplay the conventions of that. >> nonsense. >> a lot of demagoguery. >> irresponsible. >> alternatives are popping up. >> some discussion about my powers under the 14th amendment. that's going to make people nervous. >> very hard to get into sound bites....
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ceiling debt crisis and the deficit of knowledge in congress you won't want to miss that it's coming right up but now let's get to the show.
ceiling debt crisis and the deficit of knowledge in congress you won't want to miss that it's coming right up but now let's get to the show.
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Sep 24, 2013
09/13
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. >> i cannot imagine we would rubberstamp a debt increase. >> we shouldn't be raising the debt ceiling, it's irresponsible. >> i think it would be irresponsible for him to be so that legislation. >> this is not about this. house republicans remained confirmed to cutting spending now. >> borrowing and spending has failed. we continued on the course, it will be disastrous for our country. >> we should not let extremists dictate the direction of our country. >> it is not only wrong, but it's dangerous. >> that was then, nearly $2 trillion in debt to go. >> we are not going to agree to raise the debt ceiling without doing something about entitlements. >> they start using the debt limit. >> this will continue to negotiate the debt limit. what i will not do isn't have that negotiation at the head of the american people. >> the american people would be devastated. >> of your spending more money than you're taking incoming eats and laughs. he won the house is not even in session, it is due back wednesday. no coincidence, albeit in washington, enough about me. that's my guess who is here to agr
. >> i cannot imagine we would rubberstamp a debt increase. >> we shouldn't be raising the debt ceiling, it's irresponsible. >> i think it would be irresponsible for him to be so that legislation. >> this is not about this. house republicans remained confirmed to cutting spending now. >> borrowing and spending has failed. we continued on the course, it will be disastrous for our country. >> we should not let extremists dictate the direction of our country....
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Jan 21, 2013
01/13
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ceiling and delaying or expanding the debt ceiling and giving lip to 9 debt ceil for another two or flee months. we will be back in the thick of things in a few minutes but today we catch our breath. >>shepard: a lot of breath capping to be done. john bussey live with us from the "wall street journal" and steve, over to you, steve. well, steve is otherwise engaged i am now told. back to evan, presidential historian and live with us from new york, the president just got back into the limousine and will come to the reviewing stand behind us. i guess this is an important day for us to remember who it is we are and what we espouse to be and send a message to the world but more than anything, isn't this good for the kids on martin luther king jr. day to have the african-american president coming for his second inauguration? there is hope for a lot of people wrapped up in this man who may not have had hope before. >> there is hope for a lot of people wrapped up in this man. the constitution talked about and referred to, he used the phrase "we the people identification and that discussion
ceiling and delaying or expanding the debt ceiling and giving lip to 9 debt ceil for another two or flee months. we will be back in the thick of things in a few minutes but today we catch our breath. >>shepard: a lot of breath capping to be done. john bussey live with us from the "wall street journal" and steve, over to you, steve. well, steve is otherwise engaged i am now told. back to evan, presidential historian and live with us from new york, the president just got back into...
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Jan 6, 2013
01/13
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can you get a deal on the debt ceiling? can you raise that debt ceiling without agreeing to some spending cuts? >> well, i think we're going to need both. what the president has said is we need some balance here. from this point forward -- >> excuse me what, the president said he's not going to deal. he's not going to negotiate. he just wants you to raise it. is that going to happen? >> let me add one thing. i think in the course of the state of the union address, and the president has already said, it we're going to be talking about further deficit reduction, but it has to be done in a balanced way. at the heart of this debt ceiling debates is whether or not we're going to continue to reduce the deficit. i think we need to do it in a thoughtful way. and the president said as long as it's balanced he's open to the conversation. >> okay. so i'm confused because i've heard him say multiple times i am not going to negotiate over raising this debt ceiling. so are you going to negotiate? >> i can just tell you this. the debt cei
can you get a deal on the debt ceiling? can you raise that debt ceiling without agreeing to some spending cuts? >> well, i think we're going to need both. what the president has said is we need some balance here. from this point forward -- >> excuse me what, the president said he's not going to deal. he's not going to negotiate. he just wants you to raise it. is that going to happen? >> let me add one thing. i think in the course of the state of the union address, and the...
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doesn't secure a debt arising of its debt ceiling they'll have to default on its over sixteen and a half trillion dollars of borrowing so you have the rest of the world very wary they're panicking you have the heads of various major financial organizations global financial organizations like the i.m.f. talking about how american legislators need to be responsible but this bickering is ridiculous they need to find a way to get through this to the rest of the world doesn't have to pay for these dire consequences huge economic partners what will happen to them you have protests breaking out especially in the capital here over the weekend a group of truckers came in towards the u.s. capital you had veterans this sunday coming together and coming to memorials so there was thousands of protesters who in fact broke through a barricade on sunday to try to get to world war two monument they were peaceful just chanting slogans like break down these walls singing patriotic songs but yet there were riot police there ready to go to control these veterans and if the u.s. does go ahead and default of c
doesn't secure a debt arising of its debt ceiling they'll have to default on its over sixteen and a half trillion dollars of borrowing so you have the rest of the world very wary they're panicking you have the heads of various major financial organizations global financial organizations like the i.m.f. talking about how american legislators need to be responsible but this bickering is ridiculous they need to find a way to get through this to the rest of the world doesn't have to pay for these...
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Sep 19, 2013
09/13
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the debt ceiling deadline is mid wocket. not increasing it means the nation cannot pay off the debts it has already racked up. >> distant look like it's going to end well. >>> president obama tries to continue his public focus on the economy today meeting with a committee on boosting international trade. ibm and lockheed martin are a part of this committee. >>> latest on the shooting at the washington navy yard. new information about the shooter and how long it will take to reopen the site of so much carnage. here is pamela brown. >> reporter: as investigators sift through the evidence in the navy yard killings, navy officials say damage inside building 197 is so stensive, it may take weeks to repair and reopen it. one official is saying there is blood everywhere. there is damage everywhere. the mother of the gunman apologizing wednesday to the families of the victims. >> i don't know why he did what he did and i'll never be able to ask him why. aaron is now in a place where he can no longer do harm to anyone and, for that,
the debt ceiling deadline is mid wocket. not increasing it means the nation cannot pay off the debts it has already racked up. >> distant look like it's going to end well. >>> president obama tries to continue his public focus on the economy today meeting with a committee on boosting international trade. ibm and lockheed martin are a part of this committee. >>> latest on the shooting at the washington navy yard. new information about the shooter and how long it will take...
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Jan 20, 2013
01/13
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he is know chummy with the republicans on the hill after the debt ceiling negotiation. for that reason and other, his looming confirmation hearing could be bumpy. but if confirmed, lew will likely be dealing with the top issue in this second term, how to get the economy moving and addressing the count re's long-term fiscal problems. >> this is a president that is forced to grapple to the tenor of our times with the budget woes, with the economy that can't get over the hump. it's going to consume most of his time, i believe, in the second term. >> what he cannot do, going into this term is go from economic crisis to economic crisis. that's not leadership. what he will have to do is figure out how we address this in a broader policy way. >> health care reform cannot wait, it must not wait and won't wait another year. >> he chose kansas governor kathleen sebelius to get health care legislation done, he largely passed control over to continuing to get -- to congress to get the bill together. it became a messy process, about a 2,000-plus-page bill. >> this notion that this h
he is know chummy with the republicans on the hill after the debt ceiling negotiation. for that reason and other, his looming confirmation hearing could be bumpy. but if confirmed, lew will likely be dealing with the top issue in this second term, how to get the economy moving and addressing the count re's long-term fiscal problems. >> this is a president that is forced to grapple to the tenor of our times with the budget woes, with the economy that can't get over the hump. it's going to...
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Jan 20, 2013
01/13
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do you think he'll be successful avoiding a terrible bruising battle over the debt ceiling? >> i think the president will be successful. the president won, and he won big, and people must respect that. he has the know-how, the skill, the gut to lead. he must tell people when he speak tomorrow during his inaugural that we must come together and look out for the common good and work together and be prepared to compromise. >> but that art of compromise is something we have not seen much of lately in this nation's capital on capitol hill. without a re-election campaign looming ahead, do you think the parties will be able to better work together with this this president in his second term? >> i think we all must work together with this president, not just democrat, not just liberals, but republicans and conservatives. if people fail to come together and work together the republican party will be a party of the past. >> tomorrow is a big day, a great day. a man you called your brother would have been 84. what is his legacy today? how will you read that? >> well, it's a different d
do you think he'll be successful avoiding a terrible bruising battle over the debt ceiling? >> i think the president will be successful. the president won, and he won big, and people must respect that. he has the know-how, the skill, the gut to lead. he must tell people when he speak tomorrow during his inaugural that we must come together and look out for the common good and work together and be prepared to compromise. >> but that art of compromise is something we have not seen...
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Sep 18, 2013
09/13
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is there a debt ceiling? >> there is a debt ceiling. and that limits the amount of money the united states can borrow. if we're going to continue on this spree of trillion deficits. it's going to be a good year, of course that sarcasm is bad. >> you know as well as i do that these bills have been passed. the costs haven about run up already. the bills have been signed by the president. what you're talking about is will you pay your debts or not. >> wait a second, chris. it's the same thing that governors have to do in the 50 states. if you have a regullegislature they're wrong and the spending exceeds the revenue then you have pro ray shun. >> there's no danger here of the unit going into default. >> i'm not saying there's no danger. there is a risk to our economy. and i hope that the president will understand that there is a bigger picture here and that bigger picture is whether or not the united states of america is going to continue on this path to insolvency and bankruptcy. that is a much bigger threat. >> what does he have to do to
is there a debt ceiling? >> there is a debt ceiling. and that limits the amount of money the united states can borrow. if we're going to continue on this spree of trillion deficits. it's going to be a good year, of course that sarcasm is bad. >> you know as well as i do that these bills have been passed. the costs haven about run up already. the bills have been signed by the president. what you're talking about is will you pay your debts or not. >> wait a second, chris. it's...
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Oct 15, 2013
10/13
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we hit the debt ceiling in 1985. we didn't raise the debt ceiling, we hit it, we didn't raise it for three and a half months. we're still here. we hit it again in 1995 for four and a half months and didn't raise the debt ceiling, we survived that. we will survive this. a lot of this is media hype. of course you had the market drop about 160 points today. markets are super fluid. i predict that if we get this under control, we are heading in the right direction, they will rebound and they will recapture the lost wealth they had and they will recapture that if we get this under control. if we don't get this under control, that's where i would be real concerned about that because who in the heck is going to lend us money if we can't get our own financial house in order. again, this is the time to address this. this is what i came up here for. and we got sent up here to address these things and these are tough decisions. nobody wants anybody laid off. nobody wants anybody furloughed. nobody wants the markets to be rattle
we hit the debt ceiling in 1985. we didn't raise the debt ceiling, we hit it, we didn't raise it for three and a half months. we're still here. we hit it again in 1995 for four and a half months and didn't raise the debt ceiling, we survived that. we will survive this. a lot of this is media hype. of course you had the market drop about 160 points today. markets are super fluid. i predict that if we get this under control, we are heading in the right direction, they will rebound and they will...